The Camden National Bank · Maine · 2025

The Camden National Bank in Maine: approval rate, denial rate and rates (2025)

The Camden National Bank took 2,559 mortgage applications in Maine in 2025, ranking #4 of 537 lenders active in the state. It originated 70.1% of them and denied 13.2% (15.5% of the applications it decided), against a statewide denial rate of 16.3%.

2.6kApplicationsin ME
15.5%Decision denial ratestate 20.1%
6.99%Median ratestate 6.88%
$205,000Median loanstate $215,000
$549MVolume16 counties

The Camden National Bank in Maine vs the state

13.2%Denial rate-3.12 pts vs state
15.5%Decision denial rate-4.54 pts vs state
70.1%Origination rate+7.94 pts vs state
6.99%Median rate+0.12 pts vs state
-0.21Rate spread (pts)-0.54 pts vs state
$126kMedian applicant income
1,794Loans originated
338Denied

Trend in Maine

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,0681,42711.7%7.50%#2
20242,2251,58211.8%7.49%#2
20252,5591,79413.2%6.99%#4

What The Camden National Bank lends in Maine

By loan purpose

Home purchase 832 33% · 4.3% denied
Refinance 125 5% · 12.0% denied
Cash-out refinance 448 18% · 13.6% denied
Home improvement 659 26% · 18.5% denied
Other / HELOC 495 19% · 21.0% denied

By loan type

Conventional 2,428 95% · 13.6% denied
FHA 81 3% · 7.4% denied
VA 37 1% · 8.1% denied
USDA / RHS 13 1% · 0.0% denied

Why it denied Maine applicants

Debt-to-income ratio 140 41%
Collateral 78 23%
Credit history 74 22%
Other 33 10%
Insufficient cash 4 1%
Employment history 4 1%
Incomplete application 3 1%
Unverifiable information 2 1%

Where in Maine

Counties with the most The Camden National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cumberland County 39930017 4.3%
York County 35927328 7.8%
Knox County 27718249 17.7%
Hancock County 23816445 18.9%
Kennebec County 23617535 14.8%
Penobscot County 21914531 14.2%
Waldo County 19312528 14.5%
Lincoln County 16010628 17.5%
Androscoggin County 976817 17.5%
Somerset County 956518 18.9%

Other large lenders in Maine

LenderGradeApplicationsDenial rateMedian rate
Bangor Savings BankB 4,51817.2%7.25%
United Shore Financial ServicesB 2,6759.1%6.50%
Rocket MortgageC 2,62822.9%6.75%
CMG MortgageA 2,2514.2%6.63%
Guild MortgageA 1,8385.3%6.63%
Kennebec Savings BankB 1,4939.6%7.00%
TD BankD 1,24420.2%7.35%
Mortgage Research CenterC 1,10417.6%6.25%
Evergreen Credit UnionD 97630.6%6.50%
Town & Country Federal Credit UnionC 93517.0%7.24%

Frequently asked questions

Maine: 2,559 applications in 2025, of which 1,794 were originated and 338 denied.

13.2% of all applications, or 15.5% of the applications it actually decided on. The Maine statewide average across all lenders was 16.3%.

The median rate on loans The Camden National Bank originated in Maine in 2025 was 6.99%, against a statewide median of 6.88%.

About this data. Figures are The Camden National Bank's own HMDA filing for properties located in Maine, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology